Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



#reading-9-probability-concepts
The expected value of a random variable is its probability-weighted average of the possible outcomes. When combined with probability, the expected value simply factors in the relative chances of each event occurring, in order to determine the overall result. The more probable outcomes will have a greater weighting in the overall calculation.

If you want to change selection, open document below and click on "Move attachment"

Subject 6. Expected Value, Variance, and Standard Deviation of a Random Variable
The expected value of a random variable is its probability-weighted average of the possible outcomes. When combined with probability, the expected value simply factors in the relative chances of each event occurring, in order to determine the overall result. The more probable outcomes will have a greater weighting in the overall calculation. For a random variable X, the expected value of X is denoted E(X). E(X) = P(x 1 ) x 1 + P(x 2 ) x 2 + ... + P(x n ) x n In investme


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details


Discussion

Do you want to join discussion? Click here to log in or create user.